Bitcoin mining to boost UK’s renewable energy grid
A UK-based Bitcoin organization is advocating to the new Labour government to implement a Bitcoin mining-based strategy to combat a growing problem of local electricity demand.
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Confirmed: Baidu and TRON to Cooperate on Cloud Computing Resources
Decentralized Internet project TRON (TRX) and China's largest Internet search provider Baidu will cooperate on cloud computing resources, according to an official tweet from the TRON Foundation posted yesterday, October 17.The tweet confirms a series of unofficial reports that have been circulating since Oct. 13. The first indication that the nature of the Baidu-TRON cooperation…
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Cybersecurity Firm Detects Cryptojacking Malware on Make-A-Wish Foundation Website
Hackers have infected the website of global non-profit organization the Make-A-Wish Foundation with cryptojacking malware, according to a report by cybersecurity firm Trustwave posted Nov. 19.According to Trustwave researchers, crypto jackers managed to incorporate a JavaScript (JS) miner CoinImp into the domain worldwish.org in order to illicitly mine privacy-focused cryptocurrency Monero (XMR). Similarly to the…
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US crypto lobbying expenditure doubles in 2021: Here are the biggest spenders
Ripple Labs spent the most on crypto lobbying in the U.S. over the past five years, with expenses totaling $2 million. 391 Total views 5 Total shares Cryptocurrency advocates in the United States have been increasingly putting efforts to support the industry, with crypto lobbying spending growing significantly in recent years.Crypto-related lobbying expenditure in the…
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DeFi for financial services: Alex Tapscott’s ‘Digital Asset Revolution’
Decentralized finance (DeFi) has massive potential to transform traditional financial services. Data from Emergen Research recently found that the global DeFi platform market size is expected to reach $507 billion by 2028. Moreover, the total value locked within DeFi currently exceeds $75 billion, demonstrating fast-paced growth compared to previous months this year.Yet, DeFi’s potential may still not be realized by business…
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Bringing community-based solutions to crypto lending can solve trust issues
A type of decentralized finance (DeFi) that allows investors to lend their crypto tokens in return for regular interest payments, the crypto lending space comprises both centralized and decentralized crypto entities that manage the entire process on behalf of their investors.Offering high annual percentage yields (APY) to investors from whom the tokens have been borrowed,…
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Bitcoin Miners Sell BTC Months After Halving, On-Chain Data Suggests
Bitcoin’s third halving is less than a day away and the cryptocurrency community remains divided on whether the price will rise or drop after the event. Interestingly, on-chain data from previous halvings suggests that after the halving Bitcoin price may not see an immediate drop.Google Trends data shows that searches for the halving have already…
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Polymath Stops Two Projects, Lays off 10 to Focus on Security Token App
Ethereum (ETH)-based security token platform Polymath will terminate its two planned in-house projects to focus further on bringing securities onto blockchain, the firm announced in a blog post on July 4.Polymath is funneling the company’s newly freed resources towards its Polymath Token Studio, a decentralized application (dApp) that has reportedly enabled the issuance of over…
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FCA Keeps EPayments on Lockdown, Crypto Unlikely at Fault
On Feb. 11, ePayments Systems Ltd, a United Kingdom-regulated electronic money institution, suspended all online payment activity at the request of the Financial Conduct Authority, the local regulator. Upon “agreeing” with the watchdog, ePayments froze all of its customers’ accounts, blocked their prepaid cards, and banned new account openings “until remedial action has been undertaken…